CIO Business Intelligence

JANUARY 9, 2023

Hiring and retaining the best people with the right skills is always the best strategy to improve overall performance.” The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. How do we grow our business responsibly?”

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

CIO Business Intelligence

FEBRUARY 15, 2024

Following are ways CIOs can help overcome disconnect in the C-suite on the evolving nature of their role in an effort to better enable support for their digital strategies. The dialogue with the board and with human resources is fruitful, and the managers are receptive, which greatly facilitates the digital strategy.”

Strategy 115

Strategy Digital Transformation Cost-Benefit Forecasting 115

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. ExpionIQ Advisor has cut the time to calculate the numbers needed for an RFP to a few hours, instead of days, Kumar says.

IT 100

IT Cost-Benefit Insurance Unstructured Data 100

CIO Business Intelligence

MAY 17, 2024

IT is an ever-changing industry, a truism that 2023 underscored, thanks in large part to the meteoric rise of generative AI. The industry saw unprecedented growth in certain areas — such as AI and ML — alongside massive layoffs from tech vendors and cooling (or even contracting) salaries for a wide range of IT roles.

IT 133

IT Insurance Reporting Manufacturing 133

CIO Business Intelligence

MAY 21, 2024

And the benefits of MakeShift’s use of AI are beginning to multiply. With the generative AI gold rush in full swing, some IT leaders are finding generative AI’s first-wave darlings — large language models (LLMs) — may not be up to snuff for their more promising use cases. It’s fabulous.”

IT 128

IT Cost-Benefit Experimentation Forecasting 128

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 121

Modeling Cost-Benefit IT ROI 121

CIO Business Intelligence

FEBRUARY 27, 2023

To understand how organizations may be approaching their cloud strategies and tech investments in 2023, members of VMware’s Tanzu Vanguard community shared their insights on what trends will take shape. According to Forrester , forty percent of firms will take a cloud-native first strategy.

Cost-Benefit 138

Cost-Benefit Digital Transformation Strategy Software 138

CIO Business Intelligence

FEBRUARY 12, 2024

As genAI caught fire in 2023, many organizations rushed to test and learn from the technology and harness it to grow productivity and improve processes. 2 Key challenges include a shortage of talent and skills (62%), unclear investment priorities (47%), and the lack of a strategy for responsible AI (42%), BCG found.

IT 123

IT Consulting Cost-Benefit Uncertainty 123

IBM Big Data Hub

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

Strategy 84

Strategy Management Forecasting Cost-Benefit 84

CIO Business Intelligence

DECEMBER 8, 2023

According to the report: “Our qualitative interviews indicated many companies are looking to recycle devices at the end of their lifecycles if they don’t already, and they are open to reducing the time it takes to refresh if it reduces cost over time.” Furthermore, 49% believe outdated hardware hinders employee productivity.

Strategy 87

Strategy IT Cost-Benefit Reporting 87

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. These external factors can have a dramatic impact on business operations and strategic planning.

IT 127

IT Uncertainty Cost-Benefit Strategy 127

CIO Business Intelligence

MAY 13, 2024

Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives. Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding. To do that, Bilker and his IT team are bringing its disparate data sets together in a data lakehouse.

IT 129

IT Digital Transformation ROI Strategy 129

CIO Business Intelligence

SEPTEMBER 13, 2023

Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks. It is nearly impossible to separate the business strategy from the organization’s technology strategy.

IT 135

IT Digital Transformation Risk Cost-Benefit 135

IBM Big Data Hub

JANUARY 19, 2024

Disaster recovery strategies provide the framework for team members to get a business back up and running after an unplanned event. Worldwide, the popularity of disaster recovery strategies is understandably increasing. A disaster recovery strategy lays out how your businesses will respond to a number of unplanned incidents.

Strategy 94

Strategy Cost-Benefit Testing Risk 94

CIO Business Intelligence

MARCH 5, 2024

It’s better to do it quickly, like taking a Band-Aid off, even if it hurts for a short time,” he summed up at the recent Hamburg IT Strategy Days 2024. This strategy resulted in a long list of projects he pushed forward over two years. Today, we have effective, cost-effective IT,” he says. “We We can react faster.”

IT 103

IT Digital Transformation Cost-Benefit Strategy 103

AWS Big Data

JANUARY 9, 2024

We are excited about the OpenSearch Service features and enhancements we’ve added to that toolkit in 2023. 2023 was a year of rapid innovation within the artificial intelligence (AI) and machine learning (ML) space, and search has been a significant beneficiary of that progress.

Cost-Benefit 94

Cost-Benefit Visualization Modeling Machine Learning 94

CIO Business Intelligence

JANUARY 2, 2024

With AI being the talk of 2023, [there were questions on] how do we, as a company, handle its adoption, governance, and education about it to our employees,” he says. What benefit does AI serve to that department? Create dynamic, flexible teams Alignment only gets IT so far, though. He sees 2024 as the year to have good answers.

IT 144

IT Cost-Benefit Statistics Consulting 144

IBM Big Data Hub

SEPTEMBER 6, 2023

In a May 2023 survey carried out by IBM and Momentive.ai , 67% of CMOs reported that they plan on implementing generative AI in the next 12 months and 86% plan to do so within 24 months. Enterprise marketing teams stand to benefit greatly from generative AI, yet introduction of this capability will require new skills and processes.

Marketing 117

Marketing Strategy B2B Cost-Benefit 117

Timo Elliott

MAY 8, 2023

You can see the company’s winning submission document here , with lots of details about the business goals, technical infrastructure, benefits, and SAP products used. To get the details information, you can read the summary blogpost , or or listen to the podcast with Tamara McCleary. The outcomes are really impressive.

IoT 103

IoT Cost-Benefit Machine Learning Risk 103

CIO Business Intelligence

OCTOBER 23, 2023

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports.

IT 135

IT Consulting Scorecard Key Performance Indicator 135

CIO Business Intelligence

NOVEMBER 8, 2023

in September, 2023, the price pressures facing IT have persisted. in September, 2023, the price pressures facing IT have persisted. The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years.

IT 128

IT Cost-Benefit Digital Transformation Software 128

CIO Business Intelligence

JANUARY 2, 2024

That includes maintenance and upgrades deferred in favor of other projects or priorities, which can result in high future costs when those actions can no longer by avoided, often when a solution reaches end-of-life. A recent example is Windows Server 2012, which was sunsetted by Microsoft in October 2023.

Risk 125

Risk IT Risk Management Sales 125

CIO Business Intelligence

NOVEMBER 17, 2023

Managed service provider business model Managed service providers structure their business to offer technology services cheaper than what it would cost an enterprise to perform the work itself, at a higher level of quality, and with more flexibility and scalability. What is a managed service provider?

Management 129

Management IT IoT Cost-Benefit 129

CIO Business Intelligence

MAY 27, 2024

A study by Verizon in their 2023 Data Breach Investigations Report found that 68% of breaches involved a human element, such as social engineering, misuse of privileges, or simple mistakes. The incident cost Maersk over $300 million in losses. But it isn’t a question of ”if” an organization will be targeted, but “when.”

Cost-Benefit 95

Cost-Benefit Statistics ROI Measurement 95

CIO Business Intelligence

JANUARY 23, 2023

The pandemic has led many organizations in the Middle East to shift towards a digital-first strategy. A quarter of the respondents say they are now extending the digital-first strategies developed during the pandemic. over the next 10 years, and the strategy is already bearing fruit.

IoT 110

IoT Strategy Cost-Benefit Digital Transformation 110

Smart Data Collective

MARCH 23, 2023

Many people have called 2023 “the year of AI.” Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively.

Software 115

Software Strategy Cost-Benefit Testing 115

CIO Business Intelligence

NOVEMBER 13, 2023

1 But despite some of the benefits of online sales, this isn’t all good news for retailers. Retailers that successfully harness edge data to deliver seamless omnichannel customer experiences will benefit from the win/win combination of increasing sales and decreasing costs for a powerful boost to the bottom line.

Cost-Benefit 120

Cost-Benefit Sales Data-driven Statistics 120

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI. Which business cases actually need AI?

IT 129

IT Risk Cost-Benefit Enterprise 129

CIO Business Intelligence

JANUARY 26, 2023

The year 2023 seems to be no different. on average for 2023, research firm Gartner points to a projected 6.5% on average for 2023, research firm Gartner points to a projected 6.5% Enterprise technology leaders must differentiate between cost and investment if they want to make the most of their limited budgets.

IT 137

IT Cost-Benefit Finance Consulting 137

Ontotext

DECEMBER 1, 2023

So, KGF 2023 proved to be a breath of fresh air for anyone interested in topics like data mesh and data fabric , knowledge graphs, text analysis , large language model (LLM) integrations, retrieval augmented generation (RAG), chatbots, semantic data integration , and ontology building. Cunningham.

Metadata 78

Metadata Sales Consulting Enterprise 78

CIO Business Intelligence

MAY 16, 2023

In some instances, organizations undertook a thoughtful and planned approach to their multicloud strategies. Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. What is multicloud by design?

Strategy 90

Strategy Cost-Benefit Optimization Modeling 90

CIO Business Intelligence

APRIL 17, 2024

The iPaaS market in 2023, according to a Gartner report , garnered a revenue of $8 billion globally, growing from $6.5 Salesforce to capitalize on the GenAI demand Salesforce’s possible bid to acquire Informatica could be a result of the company’s strategy to capitalize on the growing demand for generative AI , analysts said.

Cost-Benefit 127

Cost-Benefit B2B Marketing Enterprise 127

CIO Business Intelligence

FEBRUARY 13, 2023

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. It’s not a stretch to say that across the board, CIOs are continuing to invest in some form of AI.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

OCTOBER 26, 2023

While I expected this exercise to confirm that consolidation is real, I was pleasantly surprised with the degree to which the CIO Tech Talk Community confirmed it – and how they are taking steps to realign their procurement and vendor management strategies. 10X in 10 Years – can this continue?

IT 109

IT Cost-Benefit Data-driven Manufacturing 109

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode.

Strategy 97

Strategy Risk Enterprise Risk Management 97

CIO Business Intelligence

FEBRUARY 12, 2024

An arrow for the right: This way lies calculating the cost of IT assets versus their business value. And frankly it’s the difference between being viewed as a cost center or as a value generator. Multicloud estates heighten cost complexity However, the IT landscape has become far more distributed of late.

Cost-Benefit 109

Cost-Benefit Optimization Software Strategy 109

CIO Business Intelligence

OCTOBER 16, 2023

Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants. Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants.

IT 135

IT Cost-Benefit Management ROI 135